Oil and gasoline futures both posted their second weekly gain in a row as expectations for a demand pick-up from the northern hemisphere's summer begin to come to fruition.
Futures in New York rose nearly 5% this week, the largest such increase since mid-April. A string of data this week so far affirmed the market's bet that higher vaccination rates and continuing reopening efforts are unleashing pent-up demand this summer.
On the supply side, oil is garnering support from deferred expecta ....
07 Jun 2021
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, United Oil & Gas, Argos Resources, Longboat Energy, Savannah Energy, Hurricane Energy, I3 Energy, PetroTal Corp, Pharos Energy, Equinor ASA, Block Energy, Ithaca Energy, BP, Southwestern Energy,
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, United Oil & Gas, Argos Resources, Longboat Energy, Savannah Energy, Hurricane Energy, I3 Energy, PetroTal Corp, Pharos Energy, Equinor ASA, Block Energy, Ithaca Energy, BP, Southwestern Energy,
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,128 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.6 | Trinity Exploration & Production Plc (TRIN:LON), 36.0
- Published:
07 Jun 2021 -
Author:
James McCormack -
Pages:
8
Oil and gasoline futures both posted their second weekly gain in a row as expectations for a demand pick-up from the northern hemisphere's summer begin to come to fruition.
Futures in New York rose nearly 5% this week, the largest such increase since mid-April. A string of data this week so far affirmed the market's bet that higher vaccination rates and continuing reopening efforts are unleashing pent-up demand this summer.
On the supply side, oil is garnering support from deferred expecta ....